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569 Monroe Street

Eliyahu Siouni And Joseph Aghelian Purchase Bedford-Stuyvesant Multifamily Property For $1.3M
SOLDMultiFamily

Eliyahu Siouni And Joseph Aghelian Purchase Bedford-Stuyvesant Multifamily Property For $1.3M

569 Monroe Street

$1,300,000

$515/SF

Building Size

2,520 SF

Asset Type

MultiFamily

Closing

Feb 24, 2025

AI

The property asset involved in this transaction is a MultiFamily building located at 569 Monroe Street in the Bedford-Stuyvesant market of Brooklyn. The transaction was completed for a price of $1,300,000.00. The asset consists of 2 units and has a total square footage of 2,520.0.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,300,000.00
  • Address: 569 Monroe Street
  • Market: Bedford-Stuyvesant, Brooklyn
  • Units: 2
  • Square Footage: 2,520.0
  • Buyer: Eliyahu Siouni - The Siouni Organization, Joseph Aghelian - Park Slope Associates
  • Seller: Dorritt Gilchrist

The deal features Eliyahu Siouni from The Siouni Organization and Joseph Aghelian from Park Slope Associates as the buyers. Dorritt Gilchrist is the seller in this transaction, highlighting the involvement of key individuals representing both sides of the deal.

Players

Eliyahu Siouni

The Siouni Organization

Buyer

$18.5M

vol

13 deals

Buyer
PA
Park Slope AssociatesBuyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93